Glory Health Industry (HKSE:02329) LT-Debt-to-Total-Asset : 0.18 (As of Jun. 2024)

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What is Glory Health Industry LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Glory Health Industry's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.18.

Glory Health Industry's long-term debt to total assets ratio declined from Jun. 2023 (0.22) to Jun. 2024 (0.18). It may suggest that Glory Health Industry is progressively becoming less dependent on debt to grow their business.

Glory Health Industry LT-Debt-to-Total-Asset Historical Data

The historical data trend for Glory Health Industry's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Glory Health Industry LT-Debt-to-Total-Asset Chart

Glory Health Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.23

0.22

0.16

0.19

Glory Health Industry Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.16	0.22	0.19	0.18

Glory Health Industry LT-Debt-to-Total-Asset Calculation

Glory Health Industry's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	11566.213	/	61638.297
	=	0.19

Glory Health Industry's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	10918.659	/	59297.079
	=	0.18

Glory Health Industry (HKSE:02329) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Glory Health Industry LT-Debt-to-Total-Asset Related Terms

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Glory Health Industry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Glory Health Industry Ltd (HKSE:02329) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 8 Yard, Chongwenmenwai Street, Building 1, East Block, Hademen Plaza, Dongcheng District, Beijing, CHN, 100062

Website

http://www.glorypty.com

Glory Health Industry Ltd formerly Guorui Properties Ltd is an investment holding company. The company's operating segments are Property development that develops and sells commercial and residential properties; primary land construction and development services that derive revenue from primary land development, including services for resettlement, construction of land infrastructure, and ancillary public facilities on land owned by the local governments; Property investment that derives rental income from investment properties developed by the group; and Property management that derive income from property management and related services. The majority of the revenue is derived from the Property development segment. All the revenue of the company is derived from the PRC.

Executives

Alltogether Land Company Limited	2101 Beneficial owner
Ruan Wenjuan	2202 Interest of your spouse
Zhang Zhangsun	2201 Interest of corporation controlled by you

Glory Health Industry Headlines

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